The Dow Jones has begun to recover from a sluggish start this morning, with the market predicting improved June's US consumer sentiment figures.
Banks and pharmaceuticals dominated the top performing stocks, with Bank of America leading the pack, up 4.1% to $13.50.
It was followed by pharma companies Pfizer, Merck & Co and Proctor & Gamble, up 1.37% to $14.85, 0.84% to $26.41 and 0.77% to $52.40 respectively.
The sector's performances followed a strong showing from UK pharmaceutical giant GlaxoSmithKline in the FTSE 100 today.
London's blue chip index was down 0.47% to 4,441 by around 3.30pm, but Glaxo managed to climb 4,77% to £11.09.
It was beaten only by alternative investments manager Man Group, up 5.27% to 279.75p.
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